The PAM 50 Most Influential is the definitive list of those at the forefront of shaping private client wealth management in the UK and Crown Dependencies.
It is based on nominations and PAM Insight’s knowledge of the sector. The quality and quantity of nominations are considered, alongside the nominee’s leadership, achievements, and career progression – particularly in the preceding 12 months. Firm performance and reputation is also taken into account.
Constituents are listed alphabetically by surname – use the ctrl+f function to search for a particular name or firm.
If you have questions about this initiative, please contact thewealthnet’s associate editor Katie Royals on firstname.lastname@example.org.
The 2021 PAM 50 Most Influential is kindly supported by BNY Mellon | Pershing.
Chief executive, Charles Stanley
Mr Abberley became chief executive of Charles Stanley in December 2014, having joined the firm in June that year.
Previously Mr Abberley was the interim chief executive of Aviva Investors Holdings and Aviva Investors Global Services, and a member of the Aviva Group executive committee. He spent eight years at ABN AMRO Asset Management as chief investment officer for the company’s fixed income and investment solutions division as well as being chairman of the company’s London board and a member of the global executive management team.
2021 was a significant year for Charles Stanley. Raymond James’ confirmed its takeover plans in July 2021, with the £278.9 million deal finalised in January this year.
Of the deal, Mr Abberley said: “Supported by the clear strategic rationale and intentions Raymond James has described, I believe all stakeholders will benefit from the opportunities for growth arising from Charles Stanley becoming embedded within the Raymond James group."
Chief executive, Close Brothers Asset Management
Due to step down later this year, Mr Andrew’s time as chief executive of Close Brothers group wealth management division (CBAM) has been extremely fruitful.
Mr Andrew joined Close Brothers group in 2005, and under his leadership, the firm has enjoyed significant growth, both organically and via strategic acquisitions. Recently, CBAM has also attracted several new hires from firms such as Rathbones and Brewin Dolphin.
An alumnus of Merrill Lynch and McKinsey, Mr Andrew holds a first-class degree in Economics from Leicester University and an MBA from Harvard Business School
Mr Martin’s other interests include sailing, cycling, hiking, and wine.
Chief executive, Ruffer
Mr Bacon is the chief executive of Ruffer, having replaced the previous chief executive Clemmie Vaughan.
Previously, Mr Bacon worked at the Foreign Office, UBS, and Barclays before joining Rothschild in 2007.
He joined Ruffer in 2017 and is a member of the board and executive committee. Mr Bacon became chief executive in January 2022.
He holds a first-class honours degree in Economics and International Development from the University of Bath and studied marketing at London Business School.
Chief executive, Brewin Dolphin
Mr Beer joined Brewin Dolphin in 2008 and would later join the executive committee in February 2016. He joined the board in June 2020 when he stepped into the chief executive role.
Since Mr Beer joined Brewin Dolphin, he has managed the Nottingham office, and been a regional director across the Midlands, before taking over the Brewin Dolphin intermediaries’ business in 2013. When Mr Beer joined the executive committee in 2016, he took on further responsibilities for research, investment governance and the development of investment solutions.
He has over 20 years of experience in the financial services and wealth management sector with previous roles at the National Bank of Australia, Barclays Wealth and Gerrard.
Brewin Dolphin joined the Net Zero Asset Managers initiative in 2021 as the company launched its ambition to become a net zero company by 2050 or sooner.
Chief executive, HSBC Private Bank UK
Mr Boulton was appointed chief executive officer of HSBC’s UK private bank in 2018. He has been at the bank for 12 years in a series of senior roles, including UK market head.
Under his leadership, HSBC Private Bank were a 2021 PAM Award finalist in the ‘Total Wealth Solutions Provider – Ultra High Net Worth’ category.
Mr Boulton has overhauled the international offering and made a series of key hires, acting as an advocate for the private banking business as the wider wealth and retail banking divisions are restructured.
Mr Boulton started his career as an accountant with Deloitte, before spending more than a decade at Bank of Bermuda.
Head of UK wealth and asset management , Berenberg
Mr Brass has been head of Berenberg UK wealth and asset management since 2011, when he joined from Schroders. His clients include entrepreneurs, business owners, philanthropists and charities, as well as high-growth tech professionals and trusts.
Early in 2021, Mr Brass told thewealthnet he felt Covid-19 had thrown existing inequalities into greater focus, highlighting the necessity to think harder about changes to working practices and employee wellbeing in the wake of the pandemic.
He said: "The pandemic has resulted in companies, and more broadly governments, being judged on how they treat individuals and employees, especially in areas and sectors hard hit by lockdown measures, and how they adapt for different working practices."
Chief executive, discretionary, abrdn
Mr Charnock joined Standard Life in February 2007 with a brief to create and launch Standard Life Wealth - now Discretionary Investment Management from abrdn - to the market. He has since established it as a respected provider of discretionary fund management in the UK wealth management sector, overseeing the acquisition of Newton’s private client business in 2013.
Before this he was chief executive of Williams de Broe and, prior to that, chief executive of Lloyds TSB Private Banking.
Under the leadership of Mr Charnock, in July 2021 Discretionary Investment Managment from abrdn posted a huge increase in profits, benefiting from a cost reduction programme and higher assets under management. The firm also posted a pre-tax profit of £7.73 million in the full year to 31 December 2020, a 327 percent increase on the £1.81 million in 2019.
Chief executive, Kleinwort Hambros
A regular constituent of the PAM 50 Most Influential, Mr Choukeir appears for the second time as the chief executive of Kleinwort Hambros, having previously been its deputy chief executive and chief investment officer.
Mr Choukeir has set himself a series of ambitious targets for the bank, including growing it from managing £15 billion (including loans) to more than £20 billion within five years.
He plans to implement a digital roadmap and transform Kleinwort into a leading institution that is responsible in all aspects in its dealings with clients, employees, and the wider world. Under his leadership as chief investment officer, the investment team secured multiple industry awards and accolades for excellent investment performance.
In 2021, Mr Choukeir oversaw a number of key changes to the executive team, including a new group chief risk officer and chief executive of the Channel Islands business.
Prior to joining Kleinwort Hambros, he was head of multi-asset class investing at Morgan Stanley for Europe, Middle East, and Asia, and spent his early career in the fixed income division of Citigroup’s investment bank in New York, London, and Madrid.
Managing director, Nedbank Private Wealth International
Mr Cummins is managing director and executive head of Nedbank Private Wealth International.
He has over 20 years of banking and investment experience, including senior roles in Cazenove Capital, C Hoare & Co and Barclays Wealth.
His focus has been on developing high-net-worth relationships and advising businesses across wealth management, private banking, and corporate banking.
At C Hoare & Co, Mr Cummins was responsible for the portfolio management and wealth planning business and was a member of the executive group and investment committee.
Based in the London office of Nedbank, he now has overall responsibility for managing the company’s UK and international operations across all office locations.
Chief executive, Cazenove Capital
Ms Daly has been chief executive of Cazenove Capital - Schroders' UHNW wealth arm - for over 20 years, beginning in November 2001.
Ms Daly was formerly a director at Baring Asset Management, working in both Paris and London. Throughout her career, she has also held senior positions at ING Investment Banking and JP Morgan Chase.
In August, Cazenove opened an office in Manchester to cater to its growing presence in the North West of England. This forms part of the firm's ambitions to boost its regional presence, which has been a big focus throughout 2021.
Partner and head of wealth management UK, Mirabaud
Mr d’Arenberg has been a limited partner at Mirabaud since 2011. He joined the group in 1999 and has developed a significant portfolio of private clients who appreciate his strong investment convictions, his holistic approach to assessing their environment, and his very close attention to their needs.
Mirabaud was a finalist in the 2021 PAM Awards in the client service quality - UHNW category.
He joined from Creditanstalt Investment Bank in Vienna where he managed the private equity and investment fund divisions.
Mr d’Arenberg also sits on the board of his own single-family office and serves on the boards of several UK and Swiss charities. He is fluent in French, English, German and Italian and can speak conversational Spanish and Dutch.
Deputy chief executive, Handelsbanken UK
Ms Davidson joined Handelsbanken in 2003 to help expand banking operations in the UK, later becoming senior vice president and head of Northern UK in 2010.
In 2013 Ms Davidson became executive director of the now named Handelsbanken Wealth & Asset Management, before becoming its chief executive in 2014.
In November 2019 Ms Davidson became deputy chief executive of Handelsbanken, remaining as chair of Handelsbanken wealth & asset management.
She is also a board member of PIMFA, and board trustee at CISI as well as chair of CISI Integrity & Ethics Committee.
Ms Davidson was also named in last year’s PAM 50 Most Influential.
Bruno De Kegel
Founder and chief operating officer, Arvella Investments
Mr De Kegel is the founder and chief operating officer (COO) of Arvella investments. Prior to founding Arvella, Mr De Kegel was a managing director at Goldman Sachs International in London where for over twenty years he advised key clients on their investments.
From 2004 to 2014, he was a member of the investment strategy group and head of the portfolio management group in EMEA and Asia, responsible for managing discretionary multi-asset portfolios.
He holds an MBA from the University of Chicago Booth School of Business and a degree in Applied Economics from the Catholic University Leuven.
He serves on the board of directors and the investment committee of the London Philharmonic Orchestra.
In 2021, Arvella Investments won the PAM Award for innovation.
Chief executive, Julius Baer International
Mr Durlacher is chief executive of Julius Baer International (JBI) in London, responsible for Julius Baer's business in the UK and Republic of Ireland.
Mr Durlacher is also a director on the board. He joined Julius Baer from Merrill Lynch International Wealth Management UK when the business was acquired in 2013.
In the previous 14 years at Merrill Lynch, Mr Durlacher held a number of roles, originally joining the business as an associate financial adviser.
Julius Baer’s profitability rose significantly in the first 10 months of 2021, following strong growth in client assets and improvements in cost efficiency. The Swiss private bank’s assets under management (AuM) rose by 12 percent year-to-date to CHF 484 billion at the end of October 2021.
Managing partner, Lincoln Private Investment Office
Mr Elder is the managing partner and a founding partner of Lincoln Private Investment Office. He has been advising private clients since 1997.
Before founding Lincoln Private Investment Office, he was a managing director and co-head of Berenberg Private Banking UK.
Mr Elder started his career at James Capel, before becoming a director at Barclays Wealth, where he ran one of the high net worth client teams.
Mr Elder is a Chartered Financial Analyst (CFA) Charter Holder and a fellow of the Chartered Institute of Securities and Investments (CISI).
Lincoln Private Investment Office won a 2021 PAM Award in the emerging manager category.
Chief executive, Canaccord Genuity Wealth Management
Mr Esfandi was appointed chief executive of Canaccord Genuity Wealth Management (CGWM) in March 2014 and under his leadership CGWM has become a significant player in the wealth management space in the UK, Jersey, Guernsey and the Isle of Man.
He was previously managing director of Ashcourt Rowan Asset Management, where he played a key role in its recapitalisation and restructuring.
Prior to that, he spent 10 years with Deutsche Bank, latterly as director of Proprietary Pan European Equity Investment.
Mr Esfandi began his career at Goldman Sachs International as a financial analyst. He holds an MA in PPE from Oxford University.
Chief executive, Coutts
Mr Flavel joined Coutts in 2016 and under his leadership, the private bank has undergone a significant transformation across all the bank’s key performance targets: Return on Equity has grown from four percent to over 16 percent and focus on simplification has seen a 20 percent improvement in the cost-to-income ratio.
The year 2021 saw a series of developments for Coutts. This included its first ever large-scale TV and geo targeted advertising campaign, also considered the largest ad campaign in its history. Coutts’ assets under management and administration also reached £35.7 billion in Q3, as the bank benefited from new clients, rising markets, and growth in its online proposition.
Mr Flavel is also involved with multiple charities. He was born in Australia and has degrees in Law and Economics from the University of Adelaide.
Chief executive UK and Crown Dependencies, Barclays Private Bank
Ms Francis joined Barclays in 2012 and took her chief executive role in 2017.
Before joining Barclays, Ms Francis held various positions in the investment banking divisions which spanned across sales, M&A, sector coverage (specialising in utilities, energy and infrastructure), and risk.
She has also upped her media profile significantly in the last two years, speaking to broadsheet newspapers and the financial press on diversity and best practice.
Barclays PB offers more than 70,000 clients with assets of at least £5 million high-quality customer care, as well as a diverse selection of services including wealth advisory and investment advice to philanthropy assistance.
Managing partner, Cerno Capital
Mr Hornby is a co-founder of Cerno Capital, and leads on managing the firm’s client portfolios.
His investment career began at Cazenove & Co in 1990, where he was a research analyst based in Hong Kong and then Singapore.
In 1995, he joined CLSA in London and was responsible for the institutional business across the UK and Europe.
Mr Hornby is deputy chair of the board of governors of Downe House School and a trustee of the Downe House Foundation. He is also a trustee for various UK families, including the Cecil Estate family trust and is also chair of The Ashendene trust, a UK charity.
Mr Hornby is an Economics graduate of Bristol University and an associate of the Chartered Institute for Securities & Investment.
Joint chief executive, EQ Investors
Ms Kennedy was appointed joint chief executive of EQ Investors in March 2021. She started working for the firm six years prior as an investment analyst specialising in open and closed-end funds, as well as tax-efficient investments including the Enterprise Investment Scheme and Venture Capital Trusts.
She quickly worked her way up the ranks, first to head of research, then head of investment.
Before joining EQ investors, Ms Kennedy was associate director and fund research analyst at Bestinvest.
Ms Kennedy is currently chair of the investment management committee and serves on EQ’s Executive Management Team and Board of Directors.
In 2021, EQ – which is a B Corp - partnered with Fintegrate, a digital financial planning product aimed at helping advisory firms reduce complexity and cost, while still delivering good client outcomes.
Barbara Ann King
Deputy chief executive, Investec Wealth & Investment
A former lawyer and academic, Ms King has over 25 years' global financial services experience. She joined Investec in 2020 and is responsible for leading its UK wealth and investment division, enhancing the services available to private clients, intermediaries and charities to meet their evolving needs.
Ms King is passionate about gender equality and was an early proponent of change in the financial services industry. She is a senior associate of Lucy Cavendish College, University of Cambridge and on the advisory board of The Diversity Project. She holds an LLM in Intellectual Property and Competition law and is undertaking her PhD in gender economics in 2022.
Regional head - UK, Ireland and Jersey, Citi Private Bank
With more than 10 years’ service at Citi Private Bank, Mr Knowland has overall responsibility for the bank’s relationships with ultra-high net worth clients in the UK.
He was appointed global market manager for the UK market region in January 2015 and in 2021 he was named a cluster head for the UK.
Previously, Mr Knowland was at Barclays Private Bank as head of the onshore investment advisory team.
He is a qualified accountant, holds the Chartered Financial Analyst designation, and is an affiliate member of the Chartered Institute for Securities & Investment. He is a graduate of Nottingham Business School with an honour’s degree in accountancy and finance.
Managing partner, Tribe Impact Capital
Mr Lawson is one of the co-founders of Tribe Impact Capital and is the managing partner.
He has been in wealth management for over two decades, starting at UBS where he looked after private clients. Mr Lawson then went on to found Ledbury Research, with the aim of helping wealth management firms understand their clients and provide them with a better service.
Mr Lawson has a MSc in Economics and holds the CFA designation. Mr Lawson is also a board trustee at UnLtd.
Head of wealth management for UK and Jersey, UBS
Ms Lindholm has been head of UBS wealth management for the UK and Jersey for close to five years, during which time the division has gone from strength to strength.
One highlight from 2021 is the partnership with financial technology platform iCapital Network in a deal to improve the information and analytics private markets investments for UBS advisers and their high net worth clients.
Ms Lindholm has held senior positions at UBS for almost 10 years, before which she worked at JP Morgan. She attended Dartmouth College and Columbia Business school, where she received an MBA in finance.
Particularly interested in supporting women in finance, Ms Lindholm took part in Harper’s Bazaar’s Work Week conference, where she shared insights gleaned from her long career in the industry and talked about its future post Covid-19.
Chief executive of private wealth, Sanlam
Ms Lovell has over 25 years’ experience advising private clients, families and charities. She was previously managing director at Rothschild and Fleming Family before becoming head of private client, marketing and distribution at Close Brothers Asset Management, a position she held for five years.
Passionate about financial education, Ms Lovell is a trustee of Pennies the Digital Money Box and Prism the Gift Fund. She also sits on the board of PIMFA and the advisory board at the Park Theatre.
Pre-pandemic, Sanlam was very active in hosting a wide array of activities for clients – from group exercise to mixology – which is something they were able to continue to do remotely, but hope to resume in-person later this year.
Private client director, St James’s Place
Ms Loydon oversees St James’s Place’s (SJP’s) higher-net-worth client business, which brings together financial planners, investment and pension planning specialists, banking advisers, and tax planning and legal specialists.
A private client lawyer, Ms Loydon is highly experienced in advising on the structures to hold, protect and pass on wealth. She has particular experience in integrating personal and business succession issues for business owners. She was promoted to her present position in January 2020, having worked for SJP since 2010.
Ms Loydon’s interests within the sector include sustainable investing, philanthropy, and financial literacy, and she acts as a spokesperson for the firm on such issues. She grew up around racing cars, and told thewealthnet if she hadn’t been a wealth manager she would have loved to be a racing car driver.
Chief executive, Lombard Odier
Mr Macintyre began his career working at James Capel as an investment manager. He was recruited by Flemings to establish an ultra high net worth (UHNW) private bank and was appointed a director in 1998.
From here, Mr Macintyre took a senior banker role with JP Morgan Private Bank in London, working with UHNW clients. He joined Coutts in April 2005 and founded the Coutts private office to focus specifically on the needs of UHNW clients across the UK, Switzerland, Monaco, Russia, Middle East and Asia.
In January 2016, Mr Macintyre was appointed chief executive of Lombard Odier UK.
He has overseen stellar growth at Lombard Odier's UK business, with the UK being Lombard Odier's second largest market by client residency.
Mr Macintyre is an industry spokesperson and regularly appears in the media. He is also a member of the Standing Council of Scottish Chiefs as the 18th hereditary Chieftain of Camus-na-h-Erie and representative of the Clan MacIntyre.
Mr Macintyre holds a BA (Hons) in Latin American Studies and is a Chartered FCSI.
Chief executive, Stonehage Fleming
Mr Merry became chief executive for Stonehage Fleming in September 2019, a continuation of his successful career across financial services.
He has redefined the firm’s strategic goal – to become the pre-eminent independent adviser to the world’s leading families and wealth creators. A key step in achieving this goal was to upgrade the firm’s operational and support functions.
In April 2020, Stonehage Fleming announced the acquisition of Cavendish Asset Management, representing £1 billion in AUM.
Profits, revenues and assets under management and administration (AUMA) all grew robustly for the year to 31 March 2021 at Stonehage Fleming (UK).
Revenues came in at £45.07 million, a £10.42 million or 30.07 percent increase on the £34.65 million posted for the previous year.
Chief executive, Vermeer Partners
Mr Melling has been chief executive at Vermeer Partners since 2018, when he joined the firm from Ravenscroft.
When thewealthnet spoke to him in February 2021, Mr Melling said Vermeer was doing well in terms of new business through referrals and a loyal client base.
Mr Melling believes is much more difficult to get a new relationship over the line virtually, and was looking forward to a return to the office.
Despite this, Vermeer has been recruiting during the pandemic period, notably appointing Arabella Henman – formerly of Capital Generation Partners - as business development director.
Chief investment officer and senior partner, Sarasin & Partners
Mr Monson has over 35 years of investment experience having joined Sarasin & Partners in 1984. In 1988, he became manager of Sarasin’s flagship GlobalSar (now multi-asset) fund.
Today, Mr Monson leads the Sarasin’s global investment and markets strategy for a wide range of charitable, endowment and private clients.
In 2021 Sarasin won the PAM award for Client Service Quality - HNW and was a finalist in a further three categories.
Mr Monson writes regularly in the international financial press and appears on Bloomberg and other financial channels.
He is also a trustee of the Invictus Games Foundation, a member of the London School of Economics ideas board and a foundation fellow of Lady Margaret Hall, Oxford University.
UK chief executive, Raymond James
Raymond James is experiencing runaway growth in the UK as more investment managers depart large firms to run their own practices under the Raymond James “umbrella”.
This listing means that for six years in a row, 2017-2022, Peter Moores has been named one of the PAM 50 Most Influential.
It was a big year for the firm as Raymond James’ confirmed its takeover plans of Charles Stanley in July 2021, with the £278.9 million deal finalised in January this year. Charles Stanley will bring approximately 200 wealth managers and will add £27.1 billion in client assets, bringing Raymond James' total client assets in the UK to over £40 billion.
Born in Dublin, Ireland, Mr Moores read Business Studies at Trinity College, Dublin and was conferred with both a BBS (hons) and an MA degree. His earlier career was with JP Morgan Chase and DAB Bank.
Chief executive for UK and Nordics, Deutsche Bank Wealth Management
Since taking up the UK head role in 2017, Mr Morley oversaw a widescale restructuring of the UK platform to leverage Deutsche's strengths in servicing ultra-high net worth clients and family offices.
In January 2022, Mr Morley announced that he was stepping down from the position he had held for five years, announcing a retirement from the executive space after a four decade career. Deutsche said he played a “decisive role in putting in place a business model which is poised for the next phase of growth.”
Mr Morley had also been at forefront of the bank's proactive stance to mental well-being, providing executive sponsorship of dbEnable – a bank-wide resource to promote inclusivity and support for those with physical disability or mental health issues.
Cheif executive, Tyndall Investment Management
Mr Odd has been chief executive of Tyndall Investment Management since it was founded in 2017. The owner-managed boutique is an independent investment management company based in Westminster, but serves clients worldwide.
The firm provides bespoke investment services and private client portfolio management to individuals, families, charities and trusts, as well as offering a range of three open-ended investment vehicles.
Mr Odd studied politics and modern history at the University of Manchester before training as an auditor at PWC.
He then spent eight years at Jupiter Fund Management followed by eight years at M&G, where he managed a global fund of funds and the flagship UK equity income fund, the £1.3 billion M&G Dividend Fund.
Mr Odd also chairs Tyndall’s investment committee.
Director, Omba Advisory and Investment
Mr Perchtold has been a director at Omba for five years. Prior to this, he spent just under 12 years at Goldman Sachs, most of which was in the investment management division in London, where he gained experience in asset allocation, equities, fixed income, alternative investments and derivatives.
Before this, he was a manager at KPMG in the consumer markets audit and assurance division where he spent nearly 4 years. Mr Perchtold qualified as a Chartered Accountant in South Africa following a Bachelor of Accountancy degree at the University of the Witwatersrand and remains a member of SAICA (which has reciprocity with ICAEW).
Mr Perchtold is also a CFA Charter holder and has been investing in financial markets since 1998.
Chief executive, Stanhope Capital
The Stanhope founder and chief exectuive orchestrated one of the most prominent deals in UK wealth management during 2020: Together, Stanhope and FWM Holidings – which owns Forbes Family Trust, LGL Partners and Optima Fund Management – will oversee $24.2 billion in client assets.
Mr Pinto has said that creating this transatlantic business fills an important gap. While large banks push products, smaller firms cannot get a handle on the needs of more complex clients. The merged Stanhope/FWM business fills this middle ground.
Before the merger completed, Stanhope produced a 53 percent operating profit increase in full-year 2020 – a result of higher income and tighter cost control.
Operating profit was £8.1 million in 2020, up from £5.3 million in 2019.
Formerly a senior banker at UBS Warburg in London and Paris concentrating on mergers and acquisitions, he was a member of the firm’s executive committee in France. He was also chief executive of a private equity fund backed by CVC Capital Partners.
In September 2021, the Stonehage Fleming Global Best Ideas Equity Fund passed the $2 billion dollar milestone for assets under management.
Chief executive, Netwealth
After an established career as a partner at Goldman Sachs, Ms Ransom founded Netwealth in 2016 both to address a deficit of enterprise in the wealth management sector and her family's own needs.
Netwealth raised a further £10.95 million in the year ended 31 March 2021, bringing the total investment in the firm to £38 million.
Ms Ransom continues to have a strong media presence, providing the sector with thought leadership on issues including diversity, fee transparency, and technology. About half of Netwealth’s clients are women double the industry average.
Ms Ransom is vice president of Save the Children and a recipient of the 2015 Mary Lou Carrington Award for her work with speakers for Schools, an organisation focused on providing young people access to top opportunities. She is an active donor and supporter of overseas educational projects.
Executive chair, Veritas Investment Partners (UK)
With over three decades of investment experience, Mr Rayward joined Veritas in 2010.
Mr Rayward was previously deputy chief executive and head of UK private clients & charities at Newton Investment Management having joined the firm in 1986. He began his career as a trainee stockbroker at Vivian Grey in 1985.
Mr Rayward announced he was stepping down from his role as chief executive at the firm in January 2022.
On his decision, he said: “The way the management roles in the team have been adapted follows not only from the growth of the business, but reflects how the board work together as a team and as individuals.
“It will continue to be a great pleasure for me to play an active role in supporting the business at this exciting time in our industry.”
Veritas won the 2021 PAM Award for investment performance - growth.
Mr Rayward holds a BA in Business Studies and is a Member of CFA Society UK.
Chief executive, Hottinger
Mr Robertson leads family office Hottinger, where his areas of focus include fee transparency and maintaining links with the world’s top private banks, their investment committees, and their best-performing investment managers.
He joined the firm, which has roots dating back to the 1700s, in 2013 as chief executive.
Hottinger is principally owned by the families it serves. Services include wealth management, art consultancy, business consultancy and cash management.
Mr Robertson’s career in finance began in 1995 as a loans officer with Bank of Scotland followed by a move to Hambros Group in 1997. In 1999 he accepted a role with HSBC, firstly as a financial planning manager in their commercial banking unit and subsequently as a private banker.
In October 2021, Edmond de Rothschild, the Swiss asset manager and private bank, took a stake Hottinger. The transaction saw EdR acquiring a 42.5 percent stake in the new enlarged entity, with its London-based wealth management arm transferring to Hottinger.
Chief investment officer, Albert E Sharp
Mr Roden has been chief investment officer at Albert E Sharp - the Stratford Upon Avon-based firm that focuses exclusively on discretionary and advisory asset management - since 2008.
With more than 20 years’ investment management experience, Mr Roden is a Chartered Financial Analyst as well as an associate of the Institute of Investment Management and Research.
Before joining Albert E Sharp, Mr Roden was head of emerging markets at AXA Investment Managers. He currently specialises in UK equities and gilt-edged securities.
Mr Roden’s clients include private individuals and charities.
Albert E Sharp was a finalist in the 2021 PAM Awards.
Managing partner, Capital Generation Partners
Mr Said is one of the founders of Capital Generation Partners. He began his career in 1998 as a strategy consultant at Bain and Company, with a focus on private equity. He holds degrees from INSEAD, Harvard and Oxford.
Mr Said is an experienced investor and has insight into the problems families face when trying to get the best from the investment management industry.
Mr Said is known in the industry for his principled, commercial approach. He now manages the client relationships and business development functions at Capital Generation Partners.
He also chairs the client portfolio committee which is tasked with making the final decisions on the content of client portfolios and sits on the asset allocation, investment and risk committees.
Chief executive, Brooks Macdonald
Brooks Macdonald veteran Andrew Shepherd was named chief executive in 2021.
Mr Shepherd joined the firm in 2002 and has been deputy chief executive since 2015. He relocated to Jersey in 2019 when he became the chief executive of Brooks Macdonald International (BMI).
Last year, he swapped after work beach trips in Jersey for underground commutes and the sights of London. He said he’ll miss the Jersey business but is proud of the work they have done.
In 2021, Brooks Macdonald increased its funds under management (FUM) to £17.3 billion as at 31 December. This was a 3.1 percent increase over the quarter and a 5.3 percent increase over H1. At 30 September FUM stood at £16.8 billion, while at 30 June the figure was £16.5 billion.
These results reflected increasingly positive net flows and positive investment performance.
Chief executive, LGT Vestra
Mr Snee is a founding partner and chief executive of LGT Vestra. He joined the firm from UBS where he was an executive director and client adviser.
Before UBS, Mr Snee worked at boutique advisory business Scott Goodman Harris, having joined from the private client department of PwC. He holds a BA in Management and Business from Reading University.
LGT Vestra posted a significant increase in revenue and profits in its most recent financial year.
In November 2021, LGT Vestra reached £1 billion in assets under management for its sustainable model portfolios, three years since it launched them in November 2018.
Founding partner, James Hambro and Partners
Mr Steel was a founding member of the team at James Hambro & Partners (JH&P) and was instrumental in establishing the company in 2009.
Mr Steel has held a range of roles at JH&P, including serving as finance director and chief operating officer. Before this, Mr Steel worked at Sun Life and the original JO Hambro Group.
He is a fellow of the Chartered Association of Certified Accountants as well as a charity trustee for Young Kent and serves on the campaign board of Blind Children UK.
Achievements for JH&P in 2021 include the opening of an office in Edinburgh, and making a flurry of senior recruits to oversee it.
Chief executive, Rathbones
Mr Stockton took up the chief executive role in May 2019. He has worked as group finance director for Rathbones since August 2008 and was appointed managing director of the investment management business in May 2018.
On taking the top job, Mr Stockton made the bold decision to state he planned to marginally reduce Rathbones’ impressive profit margin over the next few years, as he believed the business required more investment. This includes the launch of a formal graduate programme to attract and create future talent.
Rathbones’ funds under management surpassed £60 billion in the third quarter of 2021, as the business was boosted by record flows into its funds arm.
Chief executive, Pictet Wealth Management UK
Mr Suss was appointed chief executive of Pictet Wealth Management in the UK in September 2021.
The move was a happy surprise for the industry because, although Mr Suss was a managing director at Goldman Sachs for over 18 years up until May 2015, since then he had branched out into areas beyond wealth management.
In the seven years between his departure from Goldman Sachs and his appointment at Pictet, Mr Suss had a non-executive role at Empati, an applied climate technology company, and was a director of UK Agricultural Finance.
He was also a director of B Riley Principal Merger Corp, a special purpose acquisition company for mergers and similar business combinations.
Richard Thomas MBE
Chief executive, EFG Private Bank
Mr Thomas joined EFG as a chief executive in January 2019. Before this, he worked at Barclays Bank from 2008 to 2018.
Whilst there, he held various senior roles including managing director and team leader, UK private bank and head of the London region & UK specialist proposition business. In 2015 he was promoted to the role of chief operating officer, savings, wealth and investments, Barclays UK, a position he held until late 2018.
Before beginning his financial career, Mr Thomas held senior posts in the UK’s Ministry of Defence and the rank of captain in the Royal Navy. Mr Thomas holds a Sloan Fellowship MSc in business Strategy and Leadership from the London Business School as well as a MA in Defence Studies from King’s College London.
He was awarded an MBE by Her Majesty the Queen in 2000 for his service abroad.
In 2021 EFG International recorded CHF 170 billion assets under management, a record amount for the firm.
Chief executive, Waverton Investment Management
Mr Tucker joined Waverton Investment Management in February 2020 as chief executive, having spent nearly 30 years building wealth management businesses in the UK and overseas.
Since joining Waverton, Mr Tucker has helped lead an adaption in the way Waverton staff operate, and the business continues to perform strongly for both clients and intermediaries.
Investment in a new technology has meant that Waverton’s transition to remote working was seamless. And this is already creating new opportunities, not least deepening and broadening the relationship with existing clients.
In September 2021, Waverton launched Waverton Wealth – the latest development in the firm’s plans to offer integrated financial planning and investment management.
Prior to Waverton, Mr Tucker was managing director and head of UBS’s domestic wealth business in the UK. For the first 20 years of his career, he worked at Merrill Lynch, latterly as head of private clients for UK and Ireland.
Chief executive, Rothschild & Co Wealth Management
Ms Watson has spent her entire career working with private clients, charities, foundations and endowments. Before joining Rothschild & Co, she worked for Morgan Stanley's UK Wealth Management business.
Ms Watson joined Morgan Stanley as a sales assistant without a university degree, and thus has an interest in recruiting talents who do not come from the “traditional” City background of private schools and elite universities.
Having joined Morgan Stanley in 1991, she was appointed a managing director in 2005. Ms Watson has a deep understanding of private clients' investment needs, having been both a private client portfolio manager and, since 2003, a senior client adviser.
Ms Watson joined Rothschild & Co in 2010 and became chief executive of the UK Wealth Management business in 2015. Since 2018, she has also been co-head of the global wealth management division and a member of Rothschild & Co’s executive board.
Ms Watson is passionate about building a diverse team to better reflect and identify with a changing client base. Her initiatives include a successful apprenticeship programme for school leavers, as well as established women’s and LGBT networks.
Chief executive, Tiedemann Constantia
Robert Weeber founded Constantia Partners in 2017 at the age of 35 as an independent capital consultancy firm, having left Credit Suisse. The new firm specialised in working with high-net-worth individuals and family offices, with a specific focus on bringing private capital together with private investment opportunities.
Tiedemann Constantia was co-founded in 2019 by the merger of Tiedemann Advisors and Constantia Partners. Tiedemann Constantia is an independent wealth management firm, looking to provide flexible portfolios and objective advice to high-net-worth individuals, families, family offices and foundations on multiple continents.
Based in Switzerland, it offers international investment opportunities while intending to provide careful attention to client needs.
The firm recently announced that the Tiedemann Group and Alvarium Investments is to form Alvarium Tiedemann AlTi. The combined firms expected to oversee $54 billion at the end of 2022.
Chief executive, Tilney Smith & Williamson
In 2020 Mr Woodhouse became the chief executive of the combined business Tilney Smith & Williamson, as the two UK wealth firms merged to create a £45 billion AUM giant – one of the largest wealth managers in the UK.
Mr Woodhouse was instrumental in facilitating Tilney’s £625 million purchase of Smith & Williamson in September 2019.
He joined private equity-backed Tilney in 2017 from the UK motoring and financial services group RAC, where he was chief executive for five years. He previously held senior management roles at several well-known UK brands including Debenhams and Homebase.
In December 2021, Tilney Smith & Williamson committed to achieving Net-Zero greenhouse gas emissions in its corporate operational footprint in support of the goals of the Paris Agreement.